SILVERBullish long day. Still above all SMA's. Midpoint above EMA(10). Made a new 0.0% retrace. New high on daily 3LB (reversal is 30.54). Blythe?!? Blythe?!? RU OK?

LEFTBACK'S BOND REPORT

The Bond Report 2.18.11

The non-death of the US fixed income market continued, as rates continued to be range-bound within the new parameters recently established. It was risk-on, with HY > IG and TIP > TLT as The Dread Spectre of Inflation stalked the land.

Munis continue a mild but not wholly convincing recovery. Zeros approach a new nadir, but should offer an attractive risk/reward opportunity at some point.

Question: Rather than a 4-6 year bear market staring Jan. 2008, is there a level on the S&P 500 that would indicate a new, bull market started March 2009?

Answer: Simply stated, the answer to your question is NO...such a level cannot be identified at this time. Why? The 4-6 year bear market (beginning January 2008) is a small piece of a much larger, 20-30 bear market starting September 2000. Consequently, even if the S&P made a new, all-time high this year, the rally off 2009's low would remain corrective. For that reason, the rally off 2009's low must (at some point) be retraced at least 61.8% BEFORE a new bull market is "allowed" to begin. In addition, since wave-C (beginning January 2008) is corrective, it must be part of a larger, ongoing formation, which means a D and E wave will unfold following the conclusion of wave-C. Combining wave structure implications with the above facts, I can confidently predict the S&P will spend 90% (or more) of the next 10-20 years gyrating between the highs and lows it has already established since January 2000.

"It was pitched at the time as a creative way to strengthen both the state and its pension fund, by allowing Illinois to borrow at low interest rates, then cover the borrowing cost by investing the proceeds at a projected 8 percent rate of return in its pension fund.

The strategy failed because the pension investments have so far paid a lower rate of return, roughly 3 percent, than the interest rate on the bonds, about 5.1 percent."

I almost spat my coffee out this morning reading that one....

You've got to be kiddding me....

If that was the "concept/strategy," then someone needs to be dragged through the public square....

Software will allow 10 personas per user, replete with background , history, supporting details, and cyber presences that are technically, culturally and geographacilly consistent. Individual applications will enable an operator to exercise a number of different online persons from the same workstation and without fear of being discovered by sophisticated adversaries. Personas must be able to appear to originate in nearly any part of the world and can interact through conventional online services and social media platforms. The service includes a user friendly application environment to maximize the user’s situational awareness by displaying real-time local information.

Posted in COINTELPRO, False Flag Operations, Social Engineering, Technology, War | Top Of Page http://cryptogon.com/?p=20609

The official position of the US Secretary of State is that countries around the world should respect their citizens’ rights to free speech, free expression and free assembly — and that’s precisely what Sec. Hillary Clinton said during a Tuesday speech at George Washington University.

Unfortunately, as she spoke, not 15 feet in front of her, a series of events unfolded that utterly undermined the message.

Former CIA agent Ray McGovern, an outspoken critic of US foreign policy, stood silently in the auditorium’s center aisle, and turned his back on Clinton.

For his symbolic and otherwise non-disruptive protest, he was quickly accosted by security agents. As they struggled to pull him out of the room, a CNN news camera caught the tail end of the ordeal.

Posted in Dictatorship, Perception Management | Top Of Page http://cryptogon.com/?p=20606

A Pension fund could borrow "cheap" and then successfully invest the proceeds into strategies that would yield good "alpha" just seems friggin' insane to me. It's bad enough that these yokels have obligations that they can't meet using "pie in the sky" assumptions about Pension Fund peformance, but then to compound the error by taking leverage (via debt) is just friggin' bizarre.

Hedge Funds and Speculative Trading shops do that sort of thing....Pensions should not.

...Isn’t it weird how an article that’s over three decades old reads pretty much like one written today when it comes to the topic of people being able to store energy that they collect on their own properties?

Anyway, so what happened? How did this project turn out?

This is from, Performance Testing and Economic Analysis of a Photovoltaic Flywheel Energy Storage and Conversion System:

A subscale prototype of a flywheel energy storage and conversion system for use with photovoltaic power systems of residential and intermediate load-center size has been designed, built and tested by MIT Lincoln Laboratory. System design, including details of such key components as magnetic bearings, motor generator, and power conditioning electronics, is described. Performance results of prototype testing are given and indicate that this system is the equal of or superior to battery-inverter systems for the same application. Results of cost and user-worth analysis show that residential systems are economically feasible in stand-alone and in some utility-interactive applications.

I felt pretty frustrated after reading all of this. Why can’t I buy one of these for my house?! ...

"We did nothing, but contemplated the continued upward trajectory of our junk."

Such a great way with words LB.

EUR looked like it wanted to hold under the 2/2 trendline, and did for a little while. I didn't like that the bid kept coming and kept hopping in and out on a short, finally early this morning getting out for good, with a few pennies.

Dodged a major bullet on that one.

For the future, there really isn't going to be any buyers on the way down, the whole rally on the EUR has been a giant short squeeze. If the back side is steeper than the front, watch out...

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This blog should not be interpreted as investment advice of any kind.The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind.The authors may or may not trade in the markets discussed.The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.

Fictional Character Quote of the Day:

I guess it comes down to a simple choice. Get busy living or get busy dying.

- Andy Dufresne

"The Shawshank Redemption"

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This Blog's primary focus is on trading based upon technical analysis. It is run by "AmenRa" and "AndyT," quasi-anonymous traders who employ technical analysis to assess market conditions and trading opportunities. AmenRa utilizes 3LB techniques, Moving Averages and Fibonacci sequences. AndyT's analysis relies primarily on "Wave Theory" and Fibonacci sequences. The Comments Section is uncensored and open to the public. Please try and adhere to the "Blogger Policy."